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Unit Summary
Anti-requisites
Unit aim
This unit introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. The focus is on critical evaluation of accounting information contained in financial statements and management accounting reports for use by managers to inform responsible decisions.
Unit content
Week 1: Accounting and the balance sheet
Week 2: Income, cash flow and other company financial statements
Week 3: Financial statement analysis
Week 4: Cost-volume-profit analysis and costing
Week 5: Budgeting
Week 6: Financing the business
Learning outcomes
Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.
| On completion of this unit, students should be able to: | |
|---|---|
| 1 | read and interpret financial statements for an organisation |
| 2 | analyse and evaluate an organisation’s financial health using financial statements and related information |
| 3 | organise and interpret management accounting information for internal decision-making |
| 4 | identify appropriate sources of finance for an organisational scenario. |
On completion of this unit, students should be able to:
- read and interpret financial statements for an organisation
- analyse and evaluate an organisation’s financial health using financial statements and related information
- organise and interpret management accounting information for internal decision-making
- identify appropriate sources of finance for an organisational scenario.
Prescribed texts
- Atrill, P, McLaney, E, Harvey, D & Cong, LM, 2021, Accounting: An Introduction, 8th edn, Pearson Australia, Melbourne, Australia. ISBN: 9781488625695.
- Atrill, P, McLaney, E, Harvey, D & Cong, LM, 2021, Accounting: An Introduction, 8th edn, Pearson Australia, Melbourne, Australia. ISBN: 9781488625695.